XBT / USD weekly range $ 635- $ 710 | ALMA daily moving average rose upward and the main support is the VWAP at about $ 635. XBTUSD resists above the VWAP for almost a month. The resistance price zone is $ 710-800, I think that XBTUSD will remain above $ 635 also this week with a first support at around $ 670, which corresponds to the ALMA moving average I use. It remains to be seen if market participants will manage to push the bitcoin price over the resistance at $ 710, the volatility after a period of contraction increased again and it did it by pushing up prices rather than downward, a positive note that leaves some hope for a break above $ 710.
The RSI oscillator remains in neutral position around 50, yet there seems to be a trend strong enough to move above $ 710, at least this week.
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